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A busy morning at the Dunkin' Donuts franchise in the village of Posen. (Zbigniew Bzdak/Tribune)
Dunkin’ Brands Inc. has hired J.P. Morgan Chase & Co. and Barclays PLC to lead an initial public offering of its Dunkin’ Donuts unit this summer, CNBC’s Kate Kelly reported Thursday, without citing sources.
The IPO would seek to raise between $500 million and $700 million, she said. Get the full story »
Lehman Brothers and Barclays deceived JPMorgan Chase & Co. with bad assets that the failed investment bank’s own employees dubbed “goat poo,” according to new court papers that escalate a legal battle between the financial firms.
JPMorgan filed new court claims in the case, contending that Lehman left it with $25 billion in unpaid loans secured by undesirable such as those left out of the sale to Barclays. Get the full story »
Barclays Wealth, rapidly bulking up its U.S. business in the wake of the financial crisis, intends to accelerate its hiring efforts over the next two years.
The Barclays Plc. unit on Monday said it hired seven advisers with a combined $2.24 billion in client assets and who generated $17 million of revenue in the past year. The new investment representatives expand the London-based bank’s presence in Boston, New York, Atlanta and Chicago.
Barclay’s says it has hired 50 advisers in the Americas this year, giving it 250 representatives across the region. Get the full story »
General Growth Properties Inc. is seeking court approval to replace its $400 million bankruptcy loan with a new financing package, which the shopping-mall operator said will allow it to save several million dollars in interest payments each month.
In court papers filed Thursday, General Growth said it has struck a deal with Barclays Bank PLC to take out a $400 million bankruptcy loan to replace a similar loan from a group of lenders led by Farallon Capital Management LLC. Get the full story »
If you are worried about a job, you want the reports about the economy to get better. If you want to make sure you don’t take a bath on the gold you just bought, you want the economic reports to make investors worry.
At least that’s the impression left by a recent report on gold by Barclays.
The firm’s commodities team concludes; “gold has benefited predominantly from safe-haven buying.” And with the firm’s economists retaining a positive view of the global economy for 2010 and 2011, “a less favorable environment for safe-haven assets could have investors turn lukewarm toward gold.”
